Electric Vehicle Battery Thermal Management System Market Size , Share , Analysis and Forecasts To 2021
Market Research Analysts forecast the global electric vehicle battery thermal management system market to grow at a CAGR of 37.77 % during the period 2017-2021 .
According to the report , one driver in market is increasing demand for EVs and their expanded applications . ( H ) EVs are powered mainly by batteries . The battery pack in a hybrid vehicle must tolerate heavy charge ( during sudden braking ) and heavy discharge ( for sudden speed boost ). In addition , the temperature must be kept within the tolerable range , allowing space for the dissipation of heat generated from regenerative braking , and to heat the batteries in case of cold weather conditions . Therefore , BTMS act as a crucial feature in these vehicles guaranteeing healthy battery operations .
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About Electric Vehicle Battery Thermal Management System
The consumption of rechargeable batteries is growing globally , covering all major sectors , including consumer electronics , energy , automotive , and telecom . The efficiency of the batteries ( the maximum output power with respect to size and weight ) has improved due to the advances in technologies . This growth in the global rechargeable battery market has prompted companies to become knowledgeable about the thermal management of battery systems , such as solutions for overheating and cold weather conditions , to improve battery life and performance .
Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle battery thermal management system market for 2017-2021 . To calculate the market size , the report considers the revenue generated from the total unit sales of BTMS offered in EVs currently sold in the market .
The market is divided into the following segments based on geography : APAC Europe North America
Technavio ' s report , Global Electric Vehicle Battery Thermal Management System Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts . The report covers the market landscape and its growth prospects over the coming years . The report also includes a discussion of the key vendors operating in this market .
Key vendors Bosch